Vinva Investment Management Ltd Takes $1.60 Million Position in Affirm Holdings, Inc. $AFRM

Vinva Investment Management Ltd acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 20,828 shares of the company’s stock, valued at approximately $1,595,000.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its holdings in Affirm by 2.1% during the first quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after acquiring an additional 3,892 shares during the period. Empowered Funds LLC lifted its holdings in Affirm by 90.7% in the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after acquiring an additional 8,014 shares during the last quarter. Focus Partners Wealth acquired a new stake in Affirm in the 1st quarter valued at about $243,000. Atria Investments Inc bought a new position in shares of Affirm during the 2nd quarter valued at about $265,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Affirm by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 890,694 shares of the company’s stock valued at $61,583,000 after purchasing an additional 18,504 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a report on Monday, December 29th. Royal Bank Of Canada reduced their target price on shares of Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, February 6th. Oppenheimer dropped their price target on Affirm from $95.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. JPMorgan Chase & Co. cut their price objective on Affirm from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $85.00 price objective on shares of Affirm in a research note on Monday, February 9th. Twenty analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.36.

Affirm Stock Performance

Shares of AFRM opened at $50.81 on Tuesday. The company has a 50-day moving average of $62.81 and a two-hundred day moving average of $71.04. The stock has a market cap of $16.93 billion, a price-to-earnings ratio of 62.73, a PEG ratio of 1.89 and a beta of 3.61. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The firm’s revenue was up 29.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 earnings per share. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. 11.01% of the stock is owned by insiders.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.